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The Role of Forensic Accounting in Enhancing Financial Transparency and Minimizing Fraud in Jordanian Institutions

Authors :
Emad Hajjat
Majed Alzoubi
Leqaa Al-Othman
Lu'ay Wedyan
Osama Hayajneh
Source :
International Journal of Industrial Engineering and Production Research, Vol 35, Iss 3, Pp 1-10 (2024)
Publication Year :
2024
Publisher :
Iran University of Science & Technology, 2024.

Abstract

This study examines the role of forensic accounting in enhancing financial transparency and reducing fraud in Jordanian institutions. Using a mixed-method approach, data were collected from 150 respondents including chartered accountants, auditors, financial managers. through a structured questionnaire. The findings reveal that forensic accounting significantly contributes to fraud prevention by supporting government investigations, providing courtroom testimony), and developing financial management systems. Additionally, forensic accountants play a crucial role in preparing key reports for government activities. The correlation analysis shows strong interdependencies between forensic accounting’s roles in arbitration and fraud detection. While most hypotheses were confirmed, challenges were noted in applying forensic accounting within the public sector. The study concludes by recommending that policymakers strengthen the integration of forensic accounting into Jordan's financial regulatory framework to enhance its effectiveness, particularly in the public sector. This research highlights the vital role of forensic accounting in maintaining financial integrity and provides a foundation for future studies.

Details

Language :
English
ISSN :
20084889 and 2345363X
Volume :
35
Issue :
3
Database :
Directory of Open Access Journals
Journal :
International Journal of Industrial Engineering and Production Research
Publication Type :
Academic Journal
Accession number :
edsdoj.17cda7db4ca94fb7a93b990561a60d3b
Document Type :
article